West Virginia Code 33-20E-10 – Duties and powers of commissioner
Current as of: 2023 | Check for updates
|
Other versions
(a) The commissioner shall, upon request of the board, provide the association with a statement of the net direct written premiums of each member insurer.
Terms Used In West Virginia Code 33-20E-10
- Association: means the joint underwriting association created by this article. See West Virginia Code 33-20E-4
- Board: means the board of directors established pursuant to section six of this article. See West Virginia Code 33-20E-4
- Commissioner: means the Insurance Commissioner of West Virginia. See West Virginia Code 33-20E-4
- Member insurer: means every insurer authorized to write and engaged in writing, within this state, casualty insurance, as defined in section ten, article one of this chapter. See West Virginia Code 33-20E-4
- Net direct written premiums: means , for purposes of this article, direct gross premiums written in this state on casualty insurance policies, less return premiums thereon, but does not include premiums on contracts between insurers or reinsurers. See West Virginia Code 33-20E-4
- State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
(b) The commissioner may suspend or revoke, after notice and hearing, the certificate of authority to transact insurance in this state of any member insurer which fails to comply with the plan of operation or fails to pay an assessment when due.
(c) Any final order of the commissioner under this article shall be subject to judicial review as provided by section fourteen, article two of this chapter.